All NSM articles
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NewsWhite Mountains: Ark generates 100% CR as NSM delivers top- and bottom-line growth
White Mountains-owned Ark reported 57 percent growth in gross written premium (GWP) but broke even on its underwriting in Q1 as it took a hit on Russia-Ukraine losses, while up-for-sale MGA platform NSM reported top- and bottom-line growth in the period.
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NSM garners strong interest from PE and strategics as sales process gets under way
NSM Insurance Group is seeing significant interest from potential financial sponsor bidders including private equity as well as strategics after owner White Mountains began a JP Morgan-run sales process in response to inbound approaches for the specialty MGA platform, The Insurer understands.
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White Mountains-owned NSM attracting heightened buyer interest
NSM Insurance Group has been fielding a growing number of inbound approaches from potential buyers with the expansive White Mountains-owned MGA platform seen as a sought-after asset in a market where scarcity value is high, The Insurer understands.
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Ark reports strong Q3 top line growth and 88.8% adj CR despite cats
Ark Underwriting delivered a third quarter 91.9 percent combined ratio – or 88.8 percent on an adjusted basis – despite $50mn of cat losses, and gross written premiums up 79 percent to $162mn, but parent White Mountains fell to a $373mn comprehensive loss as it took a hit on its ...
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White Mountains returns to Q4 profit on investment gains
White Mountains turned a prior-period comprehensive loss of $141mn into a profit of $65mn in the fourth quarter on the back of a big swing from losses to gains on its investment portfolio.
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White Mountains’ NSM delivers top and bottom line growth
White Mountains has reported 16 percent growth in comprehensive income to $46.3mn for the third quarter as its results benefited from strong top and bottom line growth at MGA platform NSM.
